Denso to invest almost $1 billion in North America

  • 15-Jan-2013 09:57 EST
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Denso produces several varieties of inverters used in electrified vehicles.

Over the next four years, Denso will invest almost $1 billion in North America, more than three-quarters of which will be spent on U.S. facilities and capabilities. The investment is part of a strategy announced by the Japan-headquartered company last year to "drastically localize" production throughout the world. The investment represents an increase in research and development, an expansion in existing production lines, the creation of new production lines, and the opening a new assembly and warehouse facility to support its customers in the heavy-duty sector. The company would not say how many of the 2000-plus jobs to be created will be engineering positions; it did indicate that part of the investment (no specific dollar figure or percentage provided) will go to expanding R&D capabilities at its Southfield, MI, headquarters and product engineering center. In a press release about its investment, Denso emphasized that it will make more of its own manufacturing equipment and dies in the U.S. The company has dedicated a building at Denso Manufacturing Tennessee in Maryville, TN, for the production of proprietary machinery. Future plans are to make all of its critical manufacturing equipment in North America.

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